The cryptocurrency exchange FTX owes creditors $3.1 billion, according to court documents filed over the weekend.
Creditors' names were not listed on the court filing, but the largest is owed $226,280,579.As part of its bankruptcy proceedings, FTX was required to list to the court its 50 largest creditors -- either individuals or corporations -- who are owed money. The second largest entity is owed $203,292,504, the court filing shows.
Bankman-Fried drew the scrutiny of investigators from state and federal agencies, as well as the Justice Department, for how his company collapsed and the money under his control that went missing.In this May 12, 2022, file photo, Terrence A.
"Never in my career have I seen such a complete failure of corporate controls and such a complete absence of trustworthy financial information as occurred here," John Ray, who also oversaw the Enron bankruptcy proceedings, said in a court filing Thursday.
MORE: New FTX CEO says he's never seen 'complete failure' of corporate controls in his career, including at Enron In 2001, Houston-based energy corporation Enron filed the most prominent bankruptcy claim in U.S. history, and many of its executives were sent to prison for securities fraud.Related Topics
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